Cost of Living: Minneapolis, MN vs Jackson, MS (2026)

Minneapolis

Minnesota
102
VS

Jackson

Mississippi
58

Minneapolis is 44% more expensive than Jackson.

$1,329/mo ↑ 31%
Median Rent
$1,018/mo ↓ 23%
$80,269/yr ↑ 86%
Median Income
$43,238/yr ↓ 46%
$345,600 ↑ 219%
Home Value
$108,200 ↓ 69%
$1,513/mo ↑ 58%
Owner Costs
$956/mo ↓ 37%
426,845
Population
149,827

Tax Comparison

9.85%
Income Tax
5.0%
6.875%
Sales Tax
7.0%
1.11%
Property Tax
0.67%

Affordability

19.9%
rent-to-income
Affordability
28.3%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Jackson, MS, the overall cost of living indices are 102 and 58 respectively (national median = 100). Rent is $311/month cheaper in Jackson, saving renters about $3,732/year.

Median household income is $37,031/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $108,200 in Jackson.

Mississippi has a lower income tax rate, making Jackson slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Jackson — common questions

Is Minneapolis or Jackson cheaper to live in?
Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Jackson?
Median rent in Minneapolis is $1,329/month and in Jackson it's $1,018/month — a difference of $311/month.
Which city has higher income, Minneapolis or Jackson?
Median household income is $80,269 in Minneapolis and $43,238 in Jackson. Median household income is $37,031/year higher in Minneapolis.
How do taxes compare between Minnesota and Mississippi?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax.
Should I move to Minneapolis or Jackson?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/mo, while Jackson has a cost index of 58 with rent of $1,018/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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